Saturday 20 January 2018

The ESRI needs to learn from mistakes and change

John FitzGerald is naive to believe he is powerless; the truth is that he is a player with a significant influence on the State’s economic policies, despite his belief in his own impotence.
John FitzGerald is naive to believe he is powerless; the truth is that he is a player with a significant influence on the State’s economic policies, despite his belief in his own impotence.
Thomas Molloy

Thomas Molloy

It was hard not to feel sorry for former ESRI economist John FitzGerald yesterday. He told a couple of TDs and senators after his damning evidence to the Oireachtas Banking Inquiry that it felt like "the first time in 30 years that I was listened to".

That plaintive cry from the heart poses more questions than it answers.

How could a man who sits on the board of the Central Bank believe nobody listens to him? How could a man who was once the research economist at the country's biggest think tank believe nobody listens to him? How could a professor who has a regular newspaper column believe nobody listens to him?

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